Technical

Technical
1 September 2018

On 27 April 2018 the OTS announced its review of inheritance tax (IHT), to explore simplification opportunities across the existing legislative framework and the administrative processes through which taxpayers interact with HMRC. CIOT has met with the OTS to feed in its views.

Technical
1 September 2018

Following discussions between CIOT and HMRC, HMRC made some changes in July to their guidance on the application of the Distributions in a winding up targeted anti-avoidance rule (TAAR) in ITTOIA 2005 s396B.

Technical
1 September 2018

HMRC will only provide clearances on matters of legal uncertainty and not on fact.

Technical
1 September 2018

CIOT webinar on Requirement to Correct is still available, alongside the webinar slides and Q&As from the questions received during the webinar.

Technical
1 September 2018

With the growing number and variety of cryptoassets such as cryptocurrencies and digital tokens, the tax treatment can be complex and there is increasing need for clear guidance on the tax and accounting issues.

Technical
1 September 2018

HMRC has been holding a number of co-design workshops to seek feedback on the design of a new ‘front door’ to HMRC online services.

Technical
1 September 2018

HMRC published the final version of its Notice 700/22 Making Tax Digital for VAT (‘ the Notice ’) on 13 July. The draft version of this notice went through a period of stakeholder review prior to publication and both the CIOT and the ATT, as well as various other stakeholders, provided feedback to HMRC with suggested amendments.

Technical
1 September 2018

This month, in our series of articles about the CIOT’s technical sub-committees, CIOT Technical Officer Matthew Brown outlines the wide range of work carried out by the Employment Taxes Sub-Committee.

Technical
1 August 2018

The CIOT requests feedback on issues with tax codes experienced by Scottish taxpayers and the LITRG reports back on a Scottish government meeting on the Carer’s Allowance Supplement.

Technical
1 August 2018

The ATT and CIOT have commented on a draft discussion paper which sets out HMRC’s policy views following a number of recent court decisions concerning whether activities are business or non-business for VAT purposes.